Steve Jobs resigns as CEO of Apple

Apple co-founder Steve Jobs has resigned as chief executive officer. In a letter addressed to the Apple board of directors, Jobs stated, “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.”

He went on to say that he would like still like to be involved with Apple and if the board saw it fit would like to serve as “Chairman of the Board, director and Apple employee.”

Jobs said that he believed the best days of the company were still ahead of it and recommended Tim Cook as his successor.

Since the resignation of Jobs, Cook was made CEO of the company. In a leaked letter to Apple employees, Cook who had been mentored and guided by Jobs for the past 13 years, gave his former boss praise for building such a strong team. “Steve built a company and culture that is unlike any other in the world and we are going to stay true to that—it is in our DNA,” he wrote.

Cook remained optimistic about the future of the company. “We are going to continue to make the best products in the world that delight our customers and make our employees incredibly proud of what they do,” his letter went on.